Chinese Tungsten Prices Stabilized on Weak Market Confidence

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, Chinese tungsten prices remained unchanged from last week. The downward trend in the first half of this year has caused market confidence to be frustrated. The downturn in the back-end manufacturing industry and the shrinking orders of downstream enterprises also made traders show dark predictions about the late market. Smelting factories slowed down activities of purchase and sales, facing pressure of price inversion.

At present, the continuous low selling prices of tungsten raw materials cannot effectively improve the release of back-end demand, but it will intensify downstream mentality of seeking lower prices, and then force the raw material prices to fall to the cost line. Therefore, the key to the current market recovery lies in the establishment of the confidence of enterprises and the adjustment of the supply and demand relationship in the industry. After the cost profit shrinks, the market should be more active in stabilizing the bottom. In addition to production reduction, smelting plants should also pay attention to the adjustment of product structure and quality to find new demand opportunities.

Prices of tungsten products on Jun. 25, 2019

Picture of tungsten powder 

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